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Valuation Methods

Valuation Methods - Selection of an appraisal method depends on the purpose of the appraisal. It does not, as so many of our texts contend, depend on the nature of the property or the nature of the market in which it will presumably be sold.
Source:
Frederick M. Babcock, FASA


An example of a a valuation method is the following: the client is executor of an estate which must pay taxes on an antique chair, the appraiser may select the Market Comparison method of estimating Fair Market Value. br Source:
Peter C. Sorlien, ASA

Value In The Abstract

When there is an absence of all or some of the following variables in an appraisal problem:
  • Quality

  • Quantity

  • Size

  • Condtion

  • Maker

  • Manufacturer

  • Period

  • Style


    • Because a reasonable estimate of worth can not be establish with some or all of these known variables missing from the valuation problem, it is stated to be "value in the abstract".

    Source: Gene Ruelle, ASA
    07-22-07

    Vitrine

    A Continental kingwood and inlaid vitrine, late 19th century, the shaped top with brass bound edge over bowed front and side glazed panels enclosing shelved interior above satinwood inlaid floral panels and shaped apron with metal mounts upon cabriole supports, 140 x 80 x 38 cm.

     
    Email:  gene@ruelle.com
    Phone: (903) 595-2176
    MORE INFO     526 South Broadway
    Tyler, Texas - 75702-8111
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